Exports of expensive used cars climb to almost 200 units per month

Amid the falling incomes, rising leasing instalments and insurance premiums, hundreds of luxury cars, with prices beyond 30,000 euros, have been sold by owners abroad, particularly on markets such as Germany, Poland or the Czech Republic. "Our estimates based on feedback from dealers are that between 100 and 200 expensive used cars with prices of above 30,000-40,000 euros go abroad monthly. The basic idea is that dealers do not make any efforts to export, they just want to sell them," stated Attila Okanyi, manager of Autovit.ro, the biggest car offers website in Romania. He explained that this situation mainly occurs in the case of dealers of expensive cars, of premium brands, which at the time of the acquisition asked for small down payments, of 10-15%, but then had to recoup even as much as 80% of the initial price of the car. They could not longer wait more than two months, the usual average period for the resale of a car, and sought destocking channels other than the domestic market. According to the information provided by Autovit representatives, most premium used cars, whose acquisition prices topped 80,000 euros and currently sell at half the value, after export reach the car fleets of experienced dealers of Western markets.